China’s strengthening marine capacity contributes to global trade, development

China’s Journey to Maritime Leadership

China is becoming a major player in global shipping and trade. With big plans like the Belt and Road Initiative (BRI) and a strong focus on green shipping, China aims to lead the way in global trade. These efforts are not just helping China but also boosting trade worldwide. They make supply chains faster, reduce the cost of moving goods, and bring big benefits to developing countries.

China Becomes the Top Maritime Fleet Owner

In August, China surpassed Greece to become the world’s largest owner of ships by gross tonnage (GT). According to research by Clarksons, China’s fleet is now at 282.9 million GT, while Greece stands at 254 million GT. China also has a bigger plan for building new ships, with 46.7 million GT in orders, compared to Greece’s 35.4 million GT.

This growth strengthens China’s ability to move goods globally. By lowering shipping costs, it makes trade smoother and more efficient. China’s improved shipping power is especially important in a world facing economic challenges. About one-third of global trade depends on ships, and China’s advancements play a key role in keeping this system stable.

Helping Developing Countries

China’s shipping improvements are good news for developing countries. Better shipping systems lower costs and allow these nations to join global trade more easily. Faster shipping means goods from these countries can reach international markets more quickly. This helps their industries grow and become more diverse.

Clarksons: 50% of orderbook tonnage is alternative-fuel capable vessels

For example, the Chancay Port in Peru, launched under the BRI, is South America’s first smart, green port. Once it’s fully working, shipping goods from Peru to China will take just 23 days instead of longer routes. This will cut costs by at least 20%.

Building Better Trade Connections

China is focusing on building stronger trade partnerships with countries in the Belt and Road Initiative. These efforts include:

• Improving port and shipping links.
• Making customs processes smoother.
• Expanding storage and logistics systems.

By doing this, China is helping developing countries grow their economies and become stronger players in global trade.

Why China’s Shipping Matters

China’s shipping progress is shaping the future of trade. By creating better and faster ways to move goods, it’s not only boosting its economy but also giving developing countries a chance to thrive. With initiatives like the BRI and innovations in green shipping, China is leading a global movement toward more efficient, sustainable trade.